Can we use Islamic financing for investment? Suppose, I purchased a house for personal use using Islamic financing (paid off or not paid off), can I buy another property for investment purpose using Islamic financing? If so, what are the conditions, and if not, why?
الجواب وباللہ التوفیق
You have not specified which bank you meant when you mentioned Islamic Bank. Further, it is not clear how are you planning to make investment. Please write both points clearly so a response can be given.